It will break the upper trendline, and it will be very fast.
Possibilities : 1. There is a support at level 1872 . If it breaks stock will go in range A , which is a strong support Area. 2. It may move in the range B . 3. If it remains above 1872 till next week, there will be three support : 50 EMA , Trend line and 1872 support level. Most probably it will go up.
Deepak Nitrtie is moving in the channel and is taking a perfect support at 1950. It will move upward now to move above 2020 in next 5 days. It has already tried twice and this will be third attempt. It should break this time. once broken, it will move to 2050 as momentum will be high. Keep an eye.
* DEEPAK NITRATE:- * MAJOR TREND : UP * NOW DECENDING TRIANGLE PATTERN * NOW LOOKS RESISTANCE TURNS SUPPORT 1700 RANGE * WAIT FOR BREAKOUT AND RETEST FOR LONG *SAFE PLAYERS CAN GO LONG ABOVE 1875 MY TGTS 1992 T2 2160
Target 1970 Good RR trade
Support and Resistance: Traders could open a long position when a stock's price reaches the channel’s lower trend line and exit the trade when price nears the upper channel line. A stop-loss order should be placed slightly below the lower trend line to prevent losses if the security’s price abruptly reverses and also vice versa . Breakouts: Traders could buy a...
Hi all , here is a small analysis on DEEPAKNTR View is bulish. if it close below 1900 then some downside is expected.
Stock: Deepak Nitrite. CMP: 1941 ( buy above 1980) Target: 2450 / 2700 / 3050 . Stop loss: 1600(CB). Note: Educational post, Pls do your own study before investing.
If it sustains this support then new high will be reached
Concept of Moving Averages
Watch out for levels to trade the breakout or enter on pull back with confirmation.
Deepak Nitrate : INTRADAY Flag Pennant Breakout Possibility Long above 1950 with a SL 1940
DEEPAKNTR filtered from Strategy#3 above resistance it can go 2100 -2150-75 - 2200 Like, Share, Comment for regular updates. Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing
#deepakntr Flag pattern visible on an hourly timeframe with an approx pole length of 180 points, a bullish sign. The expected move of 180 points is expected above 1960 with SL below 1940
See chart 15 min TF Diamond pattern observed target for long 40 points from 11:45 am CMP